Selling fuel oil at a loss is no matter what a loss on papers though local fuel filling stations are selling fuel oil at over-4-per-cent-loss compared with the global fuel price, said Dr Win Myint, secretary of Myanmar Fuel Oil Importers and Distributors Association (MFOIDA)

The approximately 555 acres wide project will begin near Nyaungnapin village, western part of about 5-mile away from the Yangon-Mandalay Expressway and it is a joint venture between Civilian and Housing Development Department under the Ministry of Construction and Korea Land and Housing Cooperation under the Republic of Korea.

YANGON- Construction of new circular roads is being extended in the whole Yangon Region to boost investments in outskirt areas, says U Than, Joint Secretary of Yangon City Development Committee (YCDC).

“The current population of 5.2 million will be increasing to over 10 million by 2040 because Yangon will become a “Mega City”. As more and more of the population moves into Yangon, especially there will be developments along Circular Railroad,” said U Than.

Till late April, the total investments of 17 countries in Thilawa Special Economic Zone reached over US$ 1.374 billion, with Singapore topping the list with over US$ 503 million, according to the Thilawa Special Economic Zone Management Committee.